[0.5] what is up my fellow Traders I want to
[2.4] talk about copy trading when should you
[5.4] use it and when you should not be using
[8.9] it because I think some Traders may be
[11.3] using it at the wrong times to their own
[15.4] detriment and in reality it's not even
[17.9] their fault you're seeing a lot of
[20.9] videos about copy trading and how I made
[23.1] $440,000 how I made $100,000 copy
[26.0] trading but what these influencers are
[28.8] not telling you is is when and when not
[31.6] you should be using them because some of
[33.0] you are just using them and all they're
[35.6] do is leveraging your losses in the
[38.3] valuation stage because all of copy
[40.8] trading is guys is leverage it's just
[43.0] straight up Leverage is all it is and
[45.6] it's a lot of Leverage it's not even a
[47.3] little bit of Leverage they even have a
[49.6] trade of a trade copier
[52.1] tutorial there's companies like
[54.1] takeprofit
[55.2] Trader that you don't even need to use
[57.6] one at all and I'll get into that later
[59.6] in explain exactly why and why you
[62.5] shouldn't be using them with companies
[64.5] like takeprofit Trader and companies
[67.0] like bolox Trader funding these
[68.7] companies you want to be using the trade
[72.2] copier companies like Apex Trader
[75.3] funding you should be using them they
[77.8] actually are needed with these kind of
[81.2] companies so why should you listen to me
[83.6] at all well I make 20 to 50K from
[86.3] Trading funded accounts a month yeah a
[89.4] month so I know what I'm doing I've been
[91.1] in the game a long time I'm funded with
[94.2] all of these companies and have been for
[96.6] quite some time so I don't copy trade at
[99.7] this time and there's a reason for that
[101.8] so what is the reason why wouldn't I be
[104.8] copy trading with Apex Trader funding or
[108.2] takeprofit Trader or any of these other
[110.9] funding
[112.8] companies because it comes down to
[115.7] leverage right so something to
[118.3] understand is like why
[120.5] and why not to use these funding
[122.6] companies so I'm in a trade right now
[125.6] with inq in my funded um Pro account
[129.6] with take profit Trader right
[132.4] so the major reason why I don't is
[135.4] because I'm majorly focus on takeprofit
[137.3] Trader because they have payouts from
[138.7] day one and the payouts are
[142.1] unrestricted so I'm going say that
[145.8] unrestricted but with other funding
[147.8] companies like a funding companies such
[150.1] as
[151.6] Apex if you look at their accounts here
[155.1] you're only allowed to withdraw a
[157.4] certain amount per
[159.4] payout so if you go to their how payouts
[163.2] work so here you see for the first four
[166.6] months you're allowed to only withdraw
[170.5] $2,000 from the account every two weeks
[174.3] pretty much so twice monthly so youve in
[177.4] a 50k account for example Max you could
[180.1] withdraw $4,000 a month so with an apex
[184.1] Trader funding account it does make
[187.1] sense to do that because you're only
[190.2] allowed $4,000 a month so let's say you
[193.2] wanted to make $10,000 a month you could
[196.7] easily do three
[199.4] accounts and then that would give you
[201.6] $122,000 a month in payouts right
[205.0] because you'd have three accounts you
[207.0] withdraw $4,000 a month that is $12 ,000
[211.0] that makes sense another company is bolx
[213.6] Trader funding the bolox allows you to
[217.2] withdraw
[218.8] $1,500 every 10 trading days so that's
[221.4] two payouts a month same as Apex but
[223.9] you're only going to make $3,000 in a
[225.8] 50k Account max per account so it does
[229.6] make sense here again to copy trade or
[233.2] at least trade multiple accounts so
[235.6] those are companies that you it makes
[237.5] sense to copy trade right because you
[239.8] you know you're limited on your
[241.6] payouts and it at least makes sense to
[244.3] trade multiple
[245.9] accounts to maximize your profits if you
[249.5] go to takeprofit Trader though it does
[252.8] not make sense to copy trade here I keep
[255.0] getting questions can you copy trade
[257.0] with takeprofit Trader why would you
[259.9] right there's no reason to so these
[264.8] influencers continue to push copy
[268.2] trading because they're getting paid to
[271.2] do
[272.3] so but with takeprofit
[275.1] Trader there is no max
[277.9] payout so it's
[280.7] unlimited there's no reason for you
[286.2] to to do it there just isn't let's say
[290.1] on the first day I made $10,000 I could
[293.8] withdraw it let's say I made $220,000 I
[297.8] could withdraw it that day and why do I
[300.7] not think it's necessary because you're
[302.4] already overleveraged in Futures to
[305.3] begin with right so copy trading is just
[308.4] another form of Leverage
[310.2] right all it is is leveraging your
[313.7] position and timesing it by two three
[317.3] four five so let's take the notional
[320.1] value of one inq contract here so many
[324.9] of you probably don't know this but like
[326.3] let's say you wanted to outright
[327.7] purchase a contract
[330.2] and without margin without anything How
[332.4] much would it cost you well you take the
[335.7] notional value of it right now
[338.8] $1,640 and then you times it by the
[341.9] point value the point value is $20 so
[345.4] you're timesing
[347.2] 19,6 40 by 20 every single dollar move
[352.4] so times
[354.0] 20 so it's
[357.2] $392,900 right so let's say you had two
[360.9] contracts
[364.9] on so even right now I'm trading with
[369.4] almost 750 times The
[371.7] Leverage so it's
[373.7] $785,000
[376.4] of capital I'm trading with right now so
[380.0] now you guys are saying that you want to
[381.7] times this by
[384.5] 10 so then you're trading in one
[387.0] position you're trading with 7,800
[393.5] 56 unless your account balance is a
[396.8] almost a billion
[398.8] dollars you probably should at least a
[401.3] 100 million you shouldn't be trading
[403.6] with this much right so you guys got to
[407.3] understand your 50k account isn't really
[410.8] a $50,000 account it's really a $2500
[416.9] account depending on which company you
[418.8] trade with
[420.1] because the account size isn't really
[423.0] what it says it is because a $100,000
[427.1] account they give you a draw down of
[429.0] $5,000 so that's a $5,000 account you
[431.5] can only lose 5,000 so therefore it is a
[433.5] $5,000 account why they say it is a
[436.8] $100,000 account is the
[439.2] contracts so they're taking the
[442.7] contracts and using that to justify
[446.1] calling it that so in a 50k account you
[449.9] know it depends on the company but
[451.6] anywhere from 10 contracts to three
[455.6] right they're saying that it is a
[459.1] $5,000 per contract margin to trade it
[462.6] so they're saying they give you a 50k
[464.4] account based off of that math but
[466.6] that's that's the um leverage in the
[470.2] account but it doesn't mean that that's
[471.8] how much you can lose so stop looking at
[473.7] the account sizes as they say but rather
[476.5] looking at your draw down so a 50k
[478.4] account is really a 20 $500 account a
[481.2] 100K account is really a $5,000 account
[485.4] so base your your copy trading off of
[489.3] that so if you have $2,500 in your
[493.9] account does it really make sense to up
[496.6] your leverage with takeprofit Trader
[498.5] absolutely not you don't want more
[500.7] leverage you're already
[502.9] overleveraged to the Tilt really even
[506.2] one contract you're way overleveraged on
[508.6] guidelines for normal trading standards
[511.4] right so you're already
[514.4] risking uh I'm able to risk a little bit
[517.1] less because the way I trade I can risk
[520.5] $200 to $250 per trade easily no problem
[525.0] um but that's just how I trade and my my
[528.0] ability to trade right so most people
[530.2] are going to have to be risking 10
[532.4] points on in Q so how 10 points is $200
[537.3] per contract
[540.2] right that's a lot of money and you're
[542.4] saying you want to you want to times
[544.5] this by up to
[546.2] 10 why there's it's just not necessary
[550.1] guys unless you're in an account with
[553.4] Apex Trader funding bull knocks um those
[556.6] are the two I would recommend to copy
[558.4] trade with I think
[561.7] um you could do it with other companies
[564.8] like TOP Step but it's still it doesn't
[569.1] yeah TOP Step does make sense up to two
[571.4] to three um accounts but over that it's
[574.3] really not going to benefit you in any
[576.0] kind of way and especially you guys if
[578.6] you're still in the evaluation phase
[581.8] no no do not copy trade all you're doing
[585.2] is leveraging your
[586.6] losses and your cost to get
[589.6] funded because if you think about it
[592.7] you're just leveraging up right so why
[595.8] would you leverage up in in the
[597.6] evaluation phase I mean you got to
[600.6] realize all you're doing is just
[602.3] increasing your cost to get
[605.3] funded by 10 some of you guys are
[607.7] trading up to 10 so instead of paying so
[610.6] everyone I know goes through the same
[612.8] struggle right we go through the failing
[617.9] evaluation stage so it's just part of it
[621.9] where you fail evaluations for quite
[623.9] some time for me it was almost a year of
[625.9] failing evaluations and then you break
[628.4] through that cycle
[630.3] and you remove that mental block and now
[633.0] you're onto the
[636.0] failing funded accounts where you can
[639.4] easily get funded but you can't get the
[641.7] damn payout uh for me this lasted 3 to
[645.1] six months I can't remember so it was a
[646.8] long time and the most painful period is
[648.6] this
[649.9] here because I knew I could get funded I
[653.8] just couldn't get myself to follow my
[655.4] rules I could not get myself to stop
[657.5] blowing up and going into til
[660.7] so imagine if I would have times this by
[663.6] 10 and then times this by 10 so I would
[668.0] have blown up 10 times as more
[670.5] valuations 10 times as many funded
[674.0] accounts right but how about you just
[676.8] wait until you get three four I would
[679.3] say even five payouts once you get five
[681.7] payouts then you'll have the money to
[684.4] the extra money to pay for these extra
[687.2] evaluations and to pay for these funded
[691.6] accounts one payout will make up for
[694.8] your evaluations if you're failing them
[696.7] one at a
[698.0] time just about right off the bat and
[701.5] then the second one will pay up for all
[703.0] the funded accounts you've activated and
[704.7] the third one is pure profit and the
[706.9] fourth one goes into your savings
[708.5] account to buy or to buy stock or crypto
[711.1] on your long-term account and then take
[714.5] half of the next one and buy 10
[716.9] evaluations and then on your next payout
[719.1] pay pay for those to get
[721.3] activated and then boom now it's not
[723.4] coming out of your pocket you don't have
[724.8] a pissed off wife wondering where all
[727.0] you guys' [ __ ] money is going because
[728.7] if you're doing it at 10 at a
[730.6] time I bet your wife is hating life
[733.2] right now man or your girl whatever it
[735.0] is cu you broke man you're probably
[737.5] broke and you're justifying doing this
[740.4] because you're like oh this time I'm
[741.7] going to get it it's okay if I spend
[744.4] this money because I'm going to get it
[745.8] back immediately but in reality you know
[748.5] you're lying to yourself how do I know
[750.6] this because I used to do it I used to
[752.4] do that so don't do it guys I really
[755.5] really think you'd be better off just
[757.5] waiting what's the rush guys if you're
[759.6] if you're going to get there you're
[760.7] going to get there if not you're not but
[763.1] all but leveraging up your your failure
[766.1] is not going to be beneficial for you
[767.9] guys I promise
[769.3] you so if you do want to get funded
[773.2] actually have a website guys um that I
[775.3] update every single day with the newest
[777.2] discounts with the funding companies you
[781.0] trust so here's my discount page I
[784.1] update it every day I have the best
[785.9] discounts in the game by far and I
[790.4] guarantee that these companies pay you
[792.0] out with all the uncertain uncertainty
[795.2] in the funding space you can think of it
[798.2] as your insurance um if you use my code
[801.2] or my link and let's say the company's
[803.7] like no I'm not paying you out and you
[806.0] follow the rules and you did what you're
[807.4] supposed to I will step in and I will
[810.2] pay you out I did it when Apex Trader
[812.1] funding went Ry I paid out several
[815.4] people I have money set aside for this
[817.5] in case of emergencies for people
[821.8] um that way I'm held accountable and I'm
[824.4] not recommending companies that are bad
[826.7] I have um you know my names on my the
[829.6] line but not only my name but my Capital
[832.2] as well so definitely check that out
[835.0] guys I
[837.2] also have a Discord Bo that I live trade
[840.6] in every single
[843.6] day so Sunday through Friday I'm live
[848.0] streaming at least an hour per day so if
[851.6] you would be interested in
[853.5] that check it out and we will um live
[857.6] stream Together live trade together and
[859.2] we will do this together so I know what
[862.4] you guys have been through I know what
[863.7] you're going through and it's better to
[866.6] learn from someone that actually has
[868.5] been there and done it and can teach you
[870.6] how and then plus you can make
[872.6] money while you're learning because I'm
[874.8] going to teach you and we're going to
[875.9] trade and we're going to make
[878.0] money period so if you that be something
[880.7] you're interested
[882.5] in check out the link in the description
[885.1] I'll see you guys there in the charts
[886.3] trading making that money peace guys